LONDON/SINGAPORE, March 31 (Reuters) – The euro was set for its best week since mid-January on Friday ahead of inflation data that will shape the ECB’s interest rate plans, while Investors expect US rates to peak, meaning the dollar is heading for a second straight quarterly loss. The common European currency was at $1.0883, down …
Euro rises as Eurozone countries release inflation data Read More »
March 31 (Reuters) – Growth in developing economies in East Asia and the Pacific will accelerate in 2023 thanks to China’s reopening and economic rebound, but high inflation and household debt will weigh on consumption in some countries, the World Bank announced on Friday. The Washington-based lender said in a report that it expected growth …
World Bank raises 2023 growth outlook for developing East Asia as China reopens Read More »
TOKYO, March 31 (Reuters) – Japan said on Friday it will restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a U.S. push to curb China’s ability to manufacture advanced chips Japan, home to major global chip equipment makers such as Nikon Corp ( 7731.T ) and Tokyo Electron …
Tokyo core CPI in March rises 3.2% yr vs f’cast +3.1% Slowdown largely due to government measures to reduce utility costs Tokyo core-core CPI up 3.4% yr in March Factory output rises 4.5% in February, further gains expected TOKYO, March 31 (Reuters) – Core consumer inflation in Japan’s capital Tokyo slowed in March for a …
Inflation in Japanese capital cools for 2nd month, stays above BOJ target Read More »
March 31 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. Asian markets enter the final trading day of the quarter in a buoyant mood, ready to take on Friday’s load of regional economic data with a sense of optimism and resilience that would have been unbelievable a few weeks …
Morning Bid: What banking crisis? End the first trimester on a high Read More »
A look at the day ahead in US and global markets from Mike Dolan Inside like a lion, outside like a lamb. Farmers’ Almanacs suggest that a stormy and turbulent start to March means it’s likely to end calmly and serenely – and that’s what’s showing in global financial markets this year. The surge in …
Morning auction: global markets leave March like a lamb Read More »
LONDON, March 30 (Reuters) – Oil prices rose on Thursday as a surprise drop in U.S. crude inventories and a halt in exports from Iraq’s Kurdistan region offset a smaller-than-expected cut in Russian supplies. Brent crude futures rose 40 cents, or 0.51%, to $78.68 a barrel at 0926 GMT, while West Texas Intermediate crude rose …
BOAO, China, March 30 (Reuters) – China is committed to opening up the world’s second-largest economy and implementing reforms that could boost growth, Premier Li Qiang said on Thursday, adding that geopolitical tensions will not would only hinder development in the world. Li’s comments at an international business summit in the island province of Hainan …
China is committed to economic opening-up and reforms, says Premier Li Read More »
SHANGHAI/HONG KONG, March 30 (Reuters) – Alibaba Group ( 9988.HK ) said on Thursday it will look to monetize non-core assets and consider giving up control of some companies as the Chinese technology conglomerate reinvents itself after ‘a regulatory crackdown. which wiped out 70% of its shares. Group CEO Daniel Zhang said breaking the company …
Alibaba will decide on control of the new business units after the IPOs Read More »
U.S. Crude Inventories Run Out Unexpectedly -EIA Larger-than-expected drop in U.S. gasoline inventories -EIA Russian production down 300,000 bpd in the first 3 weeks of March DNO closes production in Kurdistan, Iraq stops exports via Turkey HOUSTON, March 29 (Reuters) – Oil fell slightly on Wednesday in choppy trading as investors sought to pocket the …
Oil plunges on profit taking, markets debate supply shortage Read More »
